Protection provider Synergy Protect is closing to new business from January 29.
The income protection and life insurance provider says existing plans will continue to be administered by the company and clients’ cover will not be affected by this move.
Pipeline business will also continue to be processed in the usual way.
In an email sent to IFAs, Synergy Protect sales director Wayne Anderton says: “In future, any amendments or alterations will continue to be dealt with in the usual way and we can still be contacted.”
Call me a cynic, but doesn’t it seem like the platform providers are becoming like the old life offices?
One reason for getting rid of the 82 per cent death tax on funds in alternatively secured pensions is to stop that shockingly high number being used to justify expensive and questionable financial planning solutions. A tax rate as high as 82 per cent was always going to cause problems. It may not be quite […]
Merchant Investors has teamed up with Isle of Man-based Royal London 360 to establish the MI offshore bond.
The UK could be facing a lost decade as the economy emerges from the recession. The Monetary Policy Roundtable, made up of economists from the Bank of England and the Centre for Economic Policy Research, says it may take as long as eight years for the economy to return to full health. Some members warn […]
New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.
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New DB transfer rules, Sipp legal cases and CDCs are the big pensions news this year says Michael Klimes
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
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